Is Rogers, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rogers has remained a Seller's Market.
Key Takeaway
Rogers is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rogers, MN
How much do homes in Rogers, MN cost?
Median Sold Price
$439,872
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rogers have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Rogers was $439,872 in March 2024, down 2.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $388.9K | N/A |
| 2 Bedrooms | $315K | $415K | +31.7% |
| 3 Bedrooms | $400K | $364.9K | -8.8% |
| 4 Bedrooms | $485K | $490.9K | +1.2% |
| 5+ Bedrooms | $502.4K | $487.5K | -3.0% |
Summary: Rogers housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.7%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Rogers | $450K | $439.8K | -2.3% |
| Dayton | $491.4K | $460.4K | -6.3% |
| Hassan Township | $561.4K | $490K | -12.7% |
Housing Supply in Rogers, MN
How many homes are available in Rogers, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 160 | 176 | +10.0% |
Summary: The Rogers real estate market had 176 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 29 | +16.0% |
| 3 Bedrooms | 71 | 79 | +11.3% |
| 4 Bedrooms | 52 | 55 | +5.8% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Rogers housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 31 | -24.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rogers, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Rogers in March 2024, down by 24.4% month-over-month. Of the 31 sold homes, 55% were sold under asking, 19% were sold at asking, and 26% were sold over asking.
Days on Market for Rogers, MN
How long does it take to sell a home in Rogers, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 28 Days | -24.9% |
Summary: Homes in Rogers had an average of 28 days on market in Mar 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rogers are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in Rogers; 71% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
